Formula basis

Formula basis

A method of selling a new issue of common stock in which the SEC declares the registration statement effective on the basis of a price formula rather than on a specific range.

Formula Basis

A way to make a new issue of common stock in which the SEC approves the determination of the initial price according to a certain, stated formula.
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through the program, state and local educational agencies (seas and leas) receive funds on a formula basis.
However, there are certain categories of telecom/ broadcast licensees to whom spectrum is assigned administratively and SUC is based on a formula basis.
5,868 for 28 tablets on cost plus formula basis in partial modification of the provisions of the Drugs Pricing Policy-2015 after approval by the Prime Minister of Pakistan.
Stephen Catchpole, managing director at TVU, said: "The Growing Places Fund was allocated on a formula basis using population and employed earnings which resulted in an allocation of PS8.
Both companies will cover the cost of their respective expenses and will share profit on a formula basis.
Most Tamil films are produced on a formula basis giving importance to the exploits of the hero who comes triumphant at the end in spite of the numerous problems and challenges.
If on a formula basis, then contributions are made under a formula typically tied to employer profits (e.
CME Group has launched trading and clearing services for three new Argus Sour Crude Index (ASCI) swap futures contracts and an Argus WTI formula basis calendar month swap futures contract.
Schools funding operates on a formula basis because a simple sum per pupil would not generate sufficient funding for small schools to be financially viable in their own right.
The hand-out will be funded by abolishing what Mrs Spelman referred to as the "highly bureaucratic and inefficient" Housing and Planning Delivery Grant which is distributed to local authorities on a complex formula basis.
Under the supply contract, which may be renewed by the parties following the initial two-year term, Sustainable Energy said it will supply RWE Fuel Cells with inverters for fuel cell heat and power systems developed by it and its partners on a formula basis.
Part-time earnings are permitted and reduce the maximum $413 a week Employment Insurance (EI) benefit on a formula basis.